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179 Lincoln St, Boston, MA,...

Invesco Real Estate Leases Office Space To AMCS Group In Boston Transaction
LEASEDOffice

Invesco Real Estate Leases Office Space To AMCS Group In Boston Transaction

179 Lincoln St, Boston, MA, 02111

Building Size

2,687 SF

Asset Type

Office

Closing

Jun 22, 2017

AI

The property at 179 Lincoln St in Boston, MA, 02111 is an office asset with a total of 70,000 square feet in downtown Boston. This Class A asset positioned in the city’s Chinatown - Leather District has attracted several tenants, including AMCS Group, which will occupy 2,687 square feet of the space.

Summary of transation details:

Another notable tenant in the building is Power Advocate, an energy intelligence company, which renewed its 22,710-square-foot lease. The owner, Invesco Real Estate, was represented by CBRE/New England Executive Vice President Tim Lyne and Senior Vice President Tim Howe in the deals.

Players

Thomas O'Regan

Cushman & Wakefield

Broker

2 deals

Broker
Invesco Real Estate
Invesco Real EstateLender
Invesco Real Estate
Invesco Real EstateLandlord

Boston Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93